BUY TURMERIC APR @ 14000 SL 13600 TGT 14500-14800. NCDEX - Kedia Advisory
JEERA
Observations
Jeera trading range for the day is 35720-38320.
Jeera settled flat due to higher production prospects in Gujarat and Rajasthan.
An increase in sowing of about 13 percent has been recorded in the area of cumin in Rajasthan.
Stockists are showing interest in buying on recent downfall in prices triggering short covering.
In Unjha, a major spot market, the price ended at 39313.05 Rupees gained by 1.01 percent.
BUY JEERA JAN @ 36500 SL 36000 TGT 37400-38000. NCDEX
DHANIYA
Observations
Dhaniya trading range for the day is 7082-7690.
Dhaniya prices dropped amid huge stocks with farmers and stockists.
Support also seen increased festive buying along with robust export demand.
In Gujarat, Coriander sowing drastic fall nearly -64% with 56,737.00 hectares against sown area of 2022
In Gondal, a major spot market, the price ended at 7896.9 Rupees dropped by -0.16 percent.
BUY DHANIYA JAN @ 7250 SL 7150 TGT 7350-7450. NCDEX
TURMERIC
Observations
Turmeric trading range for the day is 13134-15430.
Turmeric dropped as buying activities has been slower in expectation of release of stocks ahead of commencement of new crops
In Sep 2023 around 9,085.81 tonnes exported as against 11,322.58 tonnes in Aug 2023 showing a drop of 19.75%.
Expectations for a 20–25 percent decline in turmeric seeding this year
In Nizamabad, a major spot market, the price ended at 13412.9 Rupees gained by 0.26 percent.
BUY TURMERIC APR @ 14000 SL 13600 TGT 14500-14800. NCDEX
